Havila Shipping

What Havila Shipping does

Havila Shipping ASA is a publicly listed Norwegian offshore vessel operator (Oslo Stock Exchange, ASA designation) headquartered in Fosnavåg, operating a fleet of 14 modern vessels across four classes — Platform Supply Vessels (PSV: Havila Borg, Charisma, Clipper, Fanø, Foresight, Herøy), Subsea vessels (Havila Harmony, Subsea, Phoenix), a Rescue and Recovery Vessel (Havila Troll), and the polar Ocean Patrol Vessel Polarsyssel. The company traces its roots to Per Sævik's 1981 offshore venture and was registered as Havila Shipping in July 2003, IPO-ing in 2005 and adding 17 newbuilds by 2010 before the 2014 oil-price collapse forced fleet rationalization.

Revenue is generated primarily through time-charter contracts negotiated directly with international oil and gas operators, supplemented by spot-market vessel availability. Disclosed enterprise customers include Equinor Energy, Peterson Den Helder BV and OceanPact, with charters extending across 2026. A secondary service line targets the renewable energy sector with Walk-to-Work, trenching, cable repair, mooring/towing and Service Operation Vessel (SOV) solutions for offshore wind operators. Branch offices in Aberdeen, Brazil, Singapore and Malaysia support operations across the North Sea, South America and Asia.

Q1 2026 freight revenues were NOK 115.5 million (down from NOK 166.3 million in Q1 2025) with 84% fleet utilization, against a backdrop of 400–450 employees and an ongoing bank debt restructuring dispute with DNB, Swedbank and Danske Bank. The fleet is differentiated by environmental technology (battery packages, shore power readiness, digitalized fuel monitoring) and an integrated Total Management System covering ISO 9001, 14001 and 27001. The Sævik founding family retains operational and board control, with Njål Sævik as CEO and Hege Sævik Rabben on the board since 2003.

Name

Havila Shipping

Legal name

Havila Shipping ASA

Website

https://havilashipping.no

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Havila Shipping ASA is a Norway-based, publicly listed offshore vessel operator running a 14-vessel fleet (PSV, Subsea, RRV, OPV) under time and spot charters with international oil and gas operators, plus emerging offshore wind services.

Ownership category

akta.pro rank

Product category

Offshore Vessel Chartering

NAICS

Support Activities for Water Transportation (4883)

SIC

Water Transportation (4400), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG)

Keywords

• Offshore vessel chartering
• Platform supply vessels
• Subsea vessel operations
• Rescue recovery vessels
• Renewable energy vessels

Headquarters

HQ city

Fosnavåg

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Vessel Chartering: Chartering of offshore vessels including Platform Supply Vessels (PSV), Subsea vessels, Rescue & Recovery Vessels (RRV), and Ocean Patrol Vessels (OPV) to international offshore companies. Revenue is generated through time charter contracts with major oil and gas operators.
2. Spot Market Operations: Short-term charter contracts available through spot market, providing flexibility and market-rate pricing for vessel availability.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Havila Shipping operates a fleet of 14 modern offshore vessels, including Platform Supply Vessels (PSVs), Subsea vessels, a Rescue & Recovery Vessel (RRV), and an Ocean Patrol Vessel (OPV), providing quality-assured supply and support services to international offshore oil and gas operators. The company also offers specialized services for the renewable energy sector, including Walk to Work personnel transfer, trenching and ploughing, cable repair, Service Operation Vessel (SOV) solutions, and mooring and towing operations.

Product overview

Havila Shipping operates a diverse fleet of 14 modern offshore vessels providing quality-assured supply services to the international offshore industry. The fleet consists of Platform Supply Vessels (PSV) including Havila Charisma, Havila Clipper, Havila Borg, Havila Fanø, Havila Foresight, and Havila Herøy; Subsea vessels Havila Harmony, Havila Subsea, and Havila Phoenix for underwater construction and subsea operations; Rescue and Recovery Vessel (RRV) Havila Troll; and Ocean Patrol Vessel (OPV) Polarsyssel. Beyond traditional offshore supply, the company offers specialized services including Walk to Work, trenching and ploughing operations, cable repair, mooring and towing, ROV operations, and Service Operation Vessel (SOV) solutions for the renewable energy sector. The company also provides management services for additional vessels.

Differentiator

Problem solved

Functional benefit

Products and services

• Havila Charisma (PSV) Platform Supply Vessel (PSV) designed for offshore supply operations, featuring battery power capability, shore power readiness and dynamic positioning system for precise station-keeping near installations; available for charter to international offshore operators.
• Havila Clipper (PSV) Platform Supply Vessel (PSV) serving offshore supply operations with dynamic positioning capability and oil recovery systems; available for charter including to Equinor Energy from July 2026.
• Havila Borg (PSV) Platform Supply Vessel (PSV) equipped with firefighting systems (FIFI 1), dynamic positioning and oil recovery capabilities for offshore support operations; chartered to Peterson Den Helder BV until late 2026 with extension options.
• Havila Fanø (PSV) Platform Supply Vessel (PSV) designed for offshore supply operations, serving charterers such as Peterson Den Helder.
• Havila Foresight (PSV) Platform Supply Vessel (PSV) featuring battery power integration, shore power capability and dynamic positioning for offshore supply operations.
• Havila Herøy (PSV) Platform Supply Vessel (PSV) designed for offshore supply operations with dynamic positioning and oil recovery systems.
• Havila Harmony (Subsea) Subsea vessel converted in 2007 for underwater construction work and support for subsea operations, equipped with dynamic positioning and helipad capabilities; currently under bareboat contract with OceanPact in Brazil until end of 2026.
• Havila Subsea (Subsea) Subsea vessel designed for underwater construction and subsea operations support, equipped with dynamic positioning and accommodation for 78 persons.
• Havila Phoenix (Subsea) Subsea vessel for underwater construction work and subsea operations support, featuring larger crane capacity, dynamic positioning and accommodation for 140 persons.
• Havila Troll (RRV) Rescue and Recovery Vessel (RRV) providing security services including oil spill preparedness, fire protection and rescue/recovery operations at oil installations.
• Polarsyssel (OPV) Ocean Patrol Vessel (OPV) equipped with towing winch, infrared camera for oil spill and iceberg detection, and winterized helideck, operating in polar conditions down to minus 29 degrees Celsius.
• Renewable Energy Vessel Services (Walk to Work, Trenching & Ploughing, Cable Repair, SOV, Mooring & Towing) Specialized offshore vessel services for renewable energy customers, including Walk to Work personnel transfer via vessel-mounted gangway systems, subsea cable trenching and ploughing, cable repair and maintenance, Service Operation Vessel (SOV) solutions with accommodation/workshops/daughter craft/ROV capabilities, and mooring and towing operations for offshore wind and other renewable installations.

Quantifiable outcome

• Fleet utilization rate of 84% in Q1 2026
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• OceanPactcoreChannel Partner/ Reseller/ DistributorBareboat contract extension for Havila Harmony in Brazil until end of 2026 with extension options. This is an ongoing commercial relationship where OceanPact operates the vessel under bareboat charter.
• Peterson Den Helder BVcoreChannel Partner/ Reseller/ DistributorContract for PSV Havila Borg until late 2026 with options for extension. Part of an ongoing agreement for vessel chartering services.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Solstad Offshore ASA: Norwegian offshore vessel operator with a large PSV, AHTS, and subsea fleet serving the same North Sea and international oil and gas majors. Closely comparable to Havila in vessel mix, customer base, and listing on Oslo Stock Exchange.
• Vroon Offshore: Dutch offshore vessel operator with PSVs, subsea, and ERRV tonnage serving North Sea and international offshore clients. Highly comparable fleet and customer profile to Havila.
• DOF Group ASA: Norwegian OSV owner/operator of PSVs, AHTS, and subsea construction vessels, also listed in Oslo. Highly comparable business model and end markets to Havila Shipping.
• Siem Offshore ASA: Norwegian offshore shipping company operating PSVs, AHTS, and subsea construction/support vessels globally. Directly comparable to Havila's fleet composition and chartering model.

Emerging players

• ESVAGT A/S: Danish operator specializing in SOV and ERRV services for offshore wind and oil and gas. Increasingly competes with Havila in the renewables/W2W niche.
• North Star Renewables: UK-based SOV operator for the offshore wind sector. Competes with Havila's renewables services for the same wind installation and O&M contracts.
• Edda Wind ASA: Norwegian purpose-built SOV operator serving offshore wind. Competes with Havila's renewables services ambitions but with a more focused, dedicated fleet.

Broad incumbents

• Bourbon (formerly Groupe Bourbon): French offshore vessel operator historically connected to Havila (Havila Supply was acquired by Bourbon in 2003). Operates PSVs and AHTS for global oil and gas clients.
• Tidewater Inc. One of the largest global OSV operators with a broad PSV/AHTS fleet serving oil and gas customers worldwide. Overlaps with Havila in vessel type and customer base, but operates at much larger scale.
• Maersk Supply Service: Danish-based offshore vessel operator with PSV, AHTS, and subsea tonnage serving oil and gas and renewables. Broader portfolio than Havila but directly overlapping on PSV/subsea segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Havila Shipping